Paying off multiple cards, or towards 1 card?

Anonymous · ‎12-12-2019

Was it said what amount the sum of Money you'll be coming into is? That would better assist a person on where to suggest you apply it.

Also, when do the other card increase to normal APR?

@Anonymous wrote:
Zales- 190/5000 0% APR purchase
Local CU- 250/5500 0% APR
Tractor Supply- 150/4250 0% APR
Venture- 3k/5500 25?%

IMO, and if possible. I would pay off the Venture first as it's actually incurring interest as we speak. Then start applying payments to the others. Even when those higher rates kick in, it will be on much smaller balances than that $3K.

If paying off debt is your focus right now, then I wouldn't worry about scoring. Once you get a handle on it, then worry about how to boost scores for whatver reason you're doing it. That said, your Venture card is killing you by being over 50% util.

FireMedic1 · ‎12-12-2019

@Anonymous wrote:
Zales- 190/5000 0% APR purchase
Local CU- 250/5500 0% APR
Tractor Supply- 150/4250 0% APR
Venture- 3k/5500 25?%

I got a little zealous with the Venture card for Christmas shopping and unforeseen purchases. This is my catch all card anyways, I’d have it paid down in a few months (the unforeseen purchases).

I would pay off the Venture ASAP. The other cards are under the 8.9% threshold and not really hurting at the monent. Just having all the cards showing a balance is a ding right now. Once venture is paid down. Then hit up the one that will lose the 0% APR and PIF first. And so on. Once you get to 2 of 4 accounts reporting. That will help your scores also. Good Luck!

BK Free Aug25

SouthJamaica · ‎12-14-2019

@Anonymous wrote:
Zales- 190/5000 0% APR purchase
Local CU- 250/5500 0% APR
Tractor Supply- 150/4250 0% APR
Venture- 3k/5500 25?%

I got a little zealous with the Venture card for Christmas shopping and unforeseen purchases. This is my catch all card anyways, I’d have it paid down in a few months (the unforeseen purchases).

In your case it's a no-brainer. Apply the $590 to the Venture card. Not only is that the best thing you could do for your scores, it also makes the most sense economically.